Initiative Aims to Make Restaurants More Profitable in Costa Rica

By Wendy Anders Costa Rica’s Chamber of Restaurants (Cacore) has teamed up with Quatro, a legal and tax advising firm, to aid current and prospective restaurant owners better manage their businesses, and improve profitability and sustainability. Frequent changes in the economic environment, an oversupply of restaurants, and constant changes in legislation are the three main factors that can doom a restaurant in Costa Rica, said Cacore. Cacore became concerned when they began research on the restaurant sector and discovered that the vast majority have a very low rate of return, with most averaging a 4 – 12 per cent before-tax…